Flipkart to continue funding discounts: Sachin Bansal.By PTI | 10 Feb, 2016, 08.59 PM IST.
E-commerce major Flipkart will continue to fund discounts to win customers and stay ahead of the competition while investing in back-end operations, the company's co-founder and chief executive Sachin Bansal said here today."As Flipkart, and the overall e-commerce industry continue to grow the business, we will continue to pass on discounts to the consumer," Bansal told reporters here today. Customer and seller acquisition as well as heavy investments in back-end operations will be the focus of the company in the next few years. In the next 3-5 years, the company plans to invest more than USD 1 billion in infrastructure and technology, he said. The company has recently infused over Rs 600 crore in its logistics business EKart.